Romeo and Juliet are house shopping and decide on a romantic…

Romeo and Juliet are house shopping and decide on a romantic cottage that will cost $175,000. Romeo and Juliet can qualify for a 15-year loan at 4.0%. They have a $20,000 down payment, courtesy of a wedding gift from their matchmaker, William Shakespeare. What will be their monthly payment? 

Ethan and Marissa are shopping for their first car as newlyw…

Ethan and Marissa are shopping for their first car as newlyweds. They determine that they will need to take out a car loan for $8,000 (4.5% APR compounded monthly) in order to afford the purchase. If their monthly payment is $182.43, how long will Ethan and Marissa have to make these payments?